Temenos launches AI-driven Corporate Lending Solution for banks

By Gloria Methri

Temenos has launched a next-generation AI-driven Corporate Lending solution to enable banks to consolidate commercial loan portfolios and unify servicing all on the Temenos banking platform.

The solution simplifies complex loan processing and lifecycle management across lending lines and geographies, addressing the needs of large-tier banks as well as regional banks.

With the new Corporate Lending solution, banks can service a wide range of loan types – from high-volume bilateral loans to the most complex corporate credits – with best-practice automation and workflow for the entire loan servicing lifecycle.

The lending process centers around transactions and activities, involving many parties such as borrowers, and bank personnel from many departments. The liaisons must be routed, approved, tracked, and audited within Service Level Agreements (SLAs).

Temenos Explainable AI will be used to identify opportunities for task and process automation as well as areas for load balancing high-value resources to key transactions.

Banks also benefit from a single golden source of data across the commercial loan portfolio, and global customer entities, for better insight and reporting.

Temenos Corporate Lending is available on Temenos Banking Cloud as SaaS or for deployment on-premises or any public or private cloud.

Prema Varadhan, Chief Product and Technology Officer, Temenos, said “With the next-generation, AI-powered Corporate Lending solution, we build on the corporate lending specialization and bring the value of our open platform approach to make it easy to integrate, configure, upgrade, and maintain. Temenos clients can further benefit from powerful loan origination capabilities to unlock the full lending value chain.

“Temenos is uniquely positioned to unify operations across commercial lending asset classes to help banks reduce costs and win new business. With clients such as Allied Irish Bank in Ireland, Commerce Bank in the USA, and Al Rajhi in Saudi Arabia, corporate banking is a key focus for Temenos, and we continue to invest heavily to strengthen our offerings in this area.”